Coeur Mining (NYSE:CDE) Raised to Strong-Buy at TD Cowen

TD Cowen upgraded shares of Coeur Mining (NYSE:CDE) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

CDE has been the subject of a number of other research reports. TD Securities assumed coverage on Coeur Mining in a research report on Tuesday. They issued a “buy” rating and a $7.00 target price for the company. Roth Mkm reduced their target price on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a report on Friday, February 21st. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $8.75 to $8.25 in a research note on Friday, February 21st. Finally, Cormark raised Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $8.05.

Coeur Mining Trading Up 6.5 %

Shares of CDE opened at $5.47 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. Coeur Mining has a 1-year low of $2.98 and a 1-year high of $7.72. The company has a market capitalization of $3.49 billion, a P/E ratio of 45.55 and a beta of 1.51. The firm’s 50 day simple moving average is $6.16 and its 200 day simple moving average is $6.35.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. Sell-side analysts forecast that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Insider Activity at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the transaction, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.56% of the stock is owned by company insiders.

Institutional Trading of Coeur Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Forum Financial Management LP raised its holdings in Coeur Mining by 58.2% in the 4th quarter. Forum Financial Management LP now owns 18,699 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 6,879 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Coeur Mining by 3,685.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 181,131 shares of the basic materials company’s stock worth $1,036,000 after buying an additional 176,346 shares in the last quarter. Vise Technologies Inc. purchased a new stake in Coeur Mining in the fourth quarter worth about $66,000. PharVision Advisers LLC bought a new stake in Coeur Mining during the 4th quarter valued at approximately $161,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Coeur Mining by 28.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,092,106 shares of the basic materials company’s stock worth $6,247,000 after acquiring an additional 238,688 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.